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- Zuleika Gold (ZAG) completes its 27-hole reverse circulation (RC) drilling program at the Credo Project in Western Australia
- The program was designed to test a one-kilometre strike of a 2.5-kilometre high-grade gold corridor
- Results have been received for the first 17 holes with grades peaking at 24.23 grams of gold (g/t) per tonne
- Results for the remaining 10 holes are expected in the coming weeks, and Zuleika is already in the process of planning a follow-up drilling program
- Zuleika is up 3.33 per cent on the market with shares trading at 3.1 cents at 12:56 pm AEST
Zuleika Gold (ZAG) has completed its 27-hole reverse circulation (RC) drilling program at the Credo Project in Western Australia.
The Credo Project lies 35 kilometres northwest of Kalgoorlie and is held in joint venture with Torian Resources (TNR).
The program was designed to test a one-kilometre strike of a 2.5-kilometre high-grade gold corridor.
Specifically, focus was on testing the down-dip mineralisation of the Credo North West and Credo Well resource areas.
Zuleika has received results from the first 17 RC holes with a best result of seven metres at 5.22 grams of gold per tonne (g/t) from 89 metres including one metre at 24.23g/t gold at 91 metres.
Other results include three metres at 1.54g/t gold from 123 metres including one metre at 3.9g/t gold from 125 metres.
Results for the remaining 10 RC holes are expected in the coming weeks, and Zuleika is already in the process of planning a follow-up drilling program.
Managing Director Annie Guo commented on the results.
“The Credo Well Project is an important part of Zuleika’s impressive gold portfolio in one of the world’s premier gold terrains,” Ms Guo said.
“Our commitment to systematically explore our portfolio of assets is consistently returning excellent results.”
Zuleika was up 3.33 per cent on the market with shares trading at 3.1 cents at 12:56 pm AEST.
